Bank Statement Loans for Self-Employed Borrowers

Designed for Self-Employed Buyers

If you’re self-employed, your tax returns rarely reflect what you actually earn. Aggressive deductions are great for taxes, but they tank your qualifying income under conventional underwriting. A bank statement loan uses your business or personal bank deposits as proof of income instead — so the way you really earn is the way you qualify.

How It Works

We pull 12 or 24 months of business or personal bank statements and calculate qualifying income from your actual deposits. No tax returns required, no W-2s required.

You may be a fit if you’re:

• A business owner or sole proprietor
• An independent contractor or 1099 earner
• A freelancer, consultant, or commission-only sales pro
• Self-employed for at least 2 years

Program at a Glance

• 12 or 24 months of bank statements
• Minimum 660 FICO
• As little as 10% down on primary residences
• Use for primary home, second home, or investment
• Loan amounts to multi-million on jumbo programs
• Cash-out refinance available

Final terms depend on credit, reserves, property, and lender. We shop multiple wholesale non-QM lenders to find the best fit for your file.

Why Work With UWL on a Bank Statement Loan

Non-QM loans are not commodities — pricing and underwriting flexibility vary wildly between lenders. As an independent broker, UWL has direct access to a deep bench of wholesale non-QM lenders, so we can place your file with the one offering the best rate and most flexible terms. We’ve been pricing this kind of loan since 2009.